Norton Properties Inc
Accounting 224 E Broadway 5th Floor, Louisville, KY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $72,680,476 | $82,278,352 | -$89,860,507 |
| FY2023 | $65,980,791 | $77,990,224 | -$80,262,631 |
| FY2022 | $61,245,122 | $73,863,181 | -$68,253,198 |
| FY2021 | $60,233,665 | $70,329,224 | -$55,635,139 |
| FY2020 | $53,239,643 | $67,117,997 | -$45,539,580 |
| FY2019 | $46,820,195 | $60,683,652 | -$31,661,226 |
| FY2018 | $43,799,720 | $56,138,192 | -$17,747,769 |
| FY2017 | $40,282,179 | $42,959,810 | -$5,409,297 |
| FY2016 | $36,611,934 | $40,596,882 | -$2,731,666 |
| FY2015 | $34,488,543 | $38,931,122 | $1,253,282 |
| FY2014 | $32,594,051 | $36,400,380 | $5,695,861 |
| FY2013 | $29,082,338 | $31,673,357 | $9,502,190 |
| FY2012 | $28,522,275 | $29,988,575 | $12,093,209 |
| FY2011 | $6,730,661 | $8,645,969 | $13,559,509 |
Form 990 filings
The returns filed by Norton Properties Inc (EIN 61-1028724), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $1,656 | <1% |
| Program service revenue | $72,619,017 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $81,151,751 | 99% |
| Management & general | $1,126,601 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2024. That is higher than 94.9% of 78 Health Care organizations in KY.
- Net assets covered about -13.1 months of expenses at the end of the reporting year. That puts it in the 4th percentile among 289 Health Care organizations in KY.
- Total revenue was higher than 88.3% of 299 Health Care organizations in KY.
- Total revenue rose from $6,730,661 in FY2011 to $72,680,476 in FY2024. Revenue increased in 13 and decreased in 0 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024).
- Net assets declined from $13,559,509 to -$89,860,507 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Norton Properties, Inc. (Properties) owns properties that are used to support the charitable health care purposes of Norton Healthcare, Inc. (NHC), primarily of Norton Hospitals, Inc. (Hospitals), Community Medical Associates, Inc. and NHC.
IRS status
| Ruling year | 1984 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E110 — Health Care (in KY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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